Thursday, 24 July 2014
Last updated 1 hour ago
Oct 24 2008 | 10:06am ET
Activists have not been immune to the drubbing hedge funds have taken in recent month, and Jana Partners is no exception.
The New York-based firm has done better than many hedge funds, but has still been battered by the collapse in oil prices, Bloomberg News reports. Barring a major turnaround, the firm, headed by Barry Rosenstein, is facing its first-ever down year since its founding in 2001.
The firm’s $4 billion flagship, the Jana Master Fund, is down 14.7% this year, according to Bloomberg. The fund’s investors are used to the other kind of double-digit return; Jana Master had posted an annualized return of 20.9% prior to this year.
Two other Jana funds have not fared as badly, but still find themselves in the red. Jana Nirvana is down 8.9% through Sept. 30, and Jana Piranha is down 3.1%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…